Tim Marose's (timmarose) Blog

The DC Metro area was one of the fastest appreciating areas in the country for homes during the last 5 years.   Like the old saying goes, “What goes up, must come down”, and many have felt the pinch of the housing crunch over the last year.   Falling home prices have caused financial hardship for...

Timing plays an important role in so many things in our life.   There is something to be said about being in the right place at the right time.    Buying a stock, purchasing a house, or asking for a raise, are all about timing.    Now, refinancing also requires a little bit of timing as well. Ear...

The credit crisis got a much needed shot in the arm this week with the government takeover of Fannie Mae and Freddie Mac.   Immediately we saw a nice improvement to interest rates as well as many sectors of the stock market.   Nobody knows if this is going to be the answer to the housing crisis, ...

We have all read about the homeowner who has taken out the 50 year, interest only, adjustable loan 3 years ago and now that the payment is recasting, they can no longer afford their home.    It seems you can't read a blog or newspaper article about homeowners, and not find one who hasn't  fallen ...

ATM's charge high fees when you withdraw your OWN money from a competing bank's machine.   This fee ranges from $2.00 to as high as $10 if you ever needed to get some cash from a Casino in Atlantic City.   It is absolutely insane that we pay these high fees in order to access our own cash, but I ...